Recessions vs de-leveraging
The current recovery is playing out differently than past ones because a de-leveraging cycle is at its heart different than a typical Central Bank-controlled cycle. A typical recession is an[…]
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May 18, 2022
The current recovery is playing out differently than past ones because a de-leveraging cycle is at its heart different than a typical Central Bank-controlled cycle. A typical recession is an[…]
Next week, we’re due Final GDP data for France (due Tuesday), which looks likely to remain unchanged from its provisional estimates of 1.6% YoY. Euroland money supply figures for November[…]
Prime Rate Capital Management LLP announced today that, subject to the relevant regulatory approvals, it is to be acquired by Federated Investors, Inc, one of the world’s largest cash managers[…]
We three kings of credit risk are
Bearing ratings we travel afar
Bank and company, council and country
Following yonder AAA
David Rothon is Senior Vice President, Director of Cash & Fixed Income Product Management at Northern Trust Global Investments. Room151: How have the positions in your money market fund changed[…]
The first of the ECB’s two 36-month long-term repo operations (LTRO) take place today, Wednesday, December 21st. This ultra-long-term refinancing operation (the next will be held on February 29th 2012)[…]
The European situation deteriorated steadily and seriously through the course of 2011. The failure of policymakers to stem contagion effectively from haircuts on Greek government debt, as well as the[…]
Simon Parker is director of New Local Government Network. He started his career in journalism and has since worked in management consultancy, lobbying and research, most recently as a fellow[…]
A new fund providing £3 million of loans for new and existing social enterprises in Kent will be launched by Kent County Council in partnership with the Kent Community Foundation.[…]
We should be reluctant to ascribe either recessions or even recoveries to changes in the level of the nebulous concept of “confidence” because consumer confidence indices only have a weak[…]
2022 LGPS valuations: difficult discussions in uncertain times: Michelle Doman looks at the impact of inflationary pressures, the war in Ukraine, climate risk and Covid-19 on employer contributions. At the start of 2022, for Local Government Pension… dlvr.it/SQlvy9 pic.twitter.com/Dd0lrHjWNb
Investing today: nowhere to hide: Partner Content: Alex Stanley from Ardea Investment Management suggests that investors have few places to hide amid a synchronised sell-off in both bonds and equities. However, there are catalysts that[...] dlvr.it/SQlNVC pic.twitter.com/KkGGnduzPL
Treasury to restrict PWLB loans to councils at risk of non-repayment: The Treasury has released new guidance that restricts local authorities’ access to Public Works Loan Board (PWLB) advances if there is a “more than negligible risk” of a council’s… dlvr.it/SQhLTV pic.twitter.com/vBsS7xMJdb
Mixed reaction to proposed government intervention powers: There has been a mixed reaction to the government’s legislative plans to strengthen its intervention powers over local authority finances. The Levelling Up and Regeneration Bill has proposed… dlvr.it/SQhLMB pic.twitter.com/50foWxpPGs
Post-Brexit struggles for national and local government regulators. @LGAcomms @NAOorguk Click the link below to read 🔻🔻 room151.co.uk/brief/lga-call… #Brexit #government pic.twitter.com/s3c8ySGy5G
CIPFA: a question of transparency: Roman Haluszczak’s campaign for publication of the independent report into the collapse of CIPFA’s London Counter Fraud Hub has been rejected again by the institute. He is now calling for[...] dlvr.it/SQgC5V pic.twitter.com/08fWsHFF4g
Back to the future for the PWLB: The Public Works Loan Board is tightening its lending criteria to ensure that loans will be repaid by local government borrowers. But, asks Peter Findlay, shouldn’t they have been doing[...] dlvr.it/SQcmmm pic.twitter.com/bVv4fe0Xlv
Great piece from Peter Findlay on the PWLB’s tightening of its lending criteria. He raises some pointed questions for the Treasury and explains why the ‘casino council’ characterisation was simplistic and inaccurate. #PWLB #localgov room151.co.uk/treasury/back-…
The Queen's speech highlighted the need for accelerating UK infrastructure investment into levelling up projects and cutting emissions. @UKInfraBank #QueensSpeech #ClimateAction #emissions Click the link below to read 🔻🔻 room151.co.uk/brief/bill-wil… pic.twitter.com/hFmF2veVIa
Huge funding heading to the @WestMids_CA from @landg. @andy4wm #LevellingUp #netzero #regeneration Click the link below to read 🔻🔻 room151.co.uk/brief/wmca-sig… pic.twitter.com/ajhZhia6mx
LGPS governance, Cagney and Lacey style: What regulatory response can be expected following the publication of the Good Governance project’s Phase 3 report and the closure of the Single Code of Practice consultation? Susan Black offers[...] dlvr.it/SQbfXf pic.twitter.com/xwqHOEu2AP
More evidence of the importance of emerging markets in the journey to net-zero. @BordertoCoast @BrunelPP @northernlgps @EAPensionFund @WYPF_LGPS Click the link below to read 🔻🔻 #LGPS #NetZero #NetZeroCarbon #EmergingMarkets room151.co.uk/brief/400bn-pe… pic.twitter.com/qCm0EGxzLn